Brazil joins IEA as association country

Brazil has joined the International Energy Agency (IEA) as an association country. They have signed a detailed three-year programme highlighting a range of issues of mutual interest and co-operation. The IEA believes Brazil’s leading expertise in bioenergy, hydro and other forms of clean and conventional power provides an “excellent” basis to develop solutions for global […]

UK coal plants set for £152m pay-out in capacity auction?

Developers of coal-fired power stations in the UK could be paid more than £150 million next year to keep the lights on. That’s according to energy market analysts at Cornwall Energy, who have published their forecasts for two Capacity Market auctions and their impact on consumer bills. National Grid’s T-4 auction for delivery in 2020/21 […]

World Bank auctions to create ‘eBay for climate’

The World Bank hopes to create a large scale “eBay for climate” through its auctions. Its second pilot programme, which auctioned $20 million (£13.8m) of climate funds, attracted bidders from 12 developed and developing countries, ranging from large multinationals to small local businesses. That’s expected to help reduce the equivalent of 5.7 million tons of […]

Coal could sweep out low carbon fears peer

Coal plants could sweep up in the auctions to provide power for Britain in future, leaving precious little space for low carbon power generation or energy efficiency, fears the Labour peer Baroness Worthington. She is concerned retrofitted coal plants could apply to participate in the capacity mechanism. In December, the Government will run the first […]

Big Six firms ‘should auction all their energy’

New, smaller energy firms are chomping at the bit to get access to more of the energy generated by the Big Six. The business director of Co-operative Energy revealed yesterday he was keen on Ofgem’s proposals to force the UK’s biggest suppliers into making their energy available on a wholesale market, in an auction – […]

EU Council approves UK emissions auctioning system

The UK’s bid to effectively go it alone with its own national emissions auction platform got the nod of approval from the European Commission’s (EC) Climate Change Committee (CCC) this week. The CCC voted to approve the UK’s auction platform for phase III and aviation auctions under the EU Emissions Trading System (EU ETS). The […]